DOT IG: 'Internal Controls for Capitalized Equipment Management Are Outdated & Ineffective'
October 08, 2024
October 08, 2024
WASHINGTON, Oct. 8 -- The Transportation Inspector General issued the following audit report (No. FS2024039) on Sept. 25, 2024, entitled "Internal Controls for Capitalized Equipment Management Are Outdated and Ineffective."
Here are excerpts:
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We Looked At
The Department of Transportation (DOT) reported $12.9 billion in general Property, Plant, and Equipment (PP&E) in its fiscal year 2022 Agency Financial Report (AFR), incl . . .
Here are excerpts:
* * *
We Looked At
The Department of Transportation (DOT) reported $12.9 billion in general Property, Plant, and Equipment (PP&E) in its fiscal year 2022 Agency Financial Report (AFR), incl . . .